आईआरसीटीसी का 640 करोड़ का आईपीओ पहले एक घंटे के भीतर 8%, तथा मिड-डे तक 33% बिका

IRCTC’s Rs 640 cr IPO subscribed 8% within first one hour, 33% by mid-day

Points to Remember:

  • The Initial Public Offering (IPO) by Indian Railway Catering and Tourism Corporation (IRCTC) opened for subscription and was subscribed to 8% within the first hour.
  • As of 1 pm, the issue was 33% subscribed.
  • Through this IPO, the government is offloading 2 crore equity shares or 12.6% stake in IRCTC, which will bring down its stake to 87.4%.
  • The price band of ₹640 crore IRCTC IPO has been fixed at ₹315-320 per share but retail investors and eligible employees would be offered a discount of ₹10 per share.

What is an IPO?

  • An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance.
  • Public share issuance allows a company to raise capital from public investors.

About Indian Railway Catering and Tourism Corporation (IRCTC):

  • Indian Railway Catering and Tourism Corporation is a subsidiary of the Indian Railways that handles the catering, tourism and online ticketing operations of the Indian railways.
  • It is the world’s second busiest and highest of 15 to 16 lakh tickets every day.
  • Parent organization: Indian Railways
  • Headquarters: New Delhi
  • Founder: Ministry of Railways
  • Founded: 27 September 1999
Important Possible questions based on above News:
  1. After the launch of IPO what will be the new Stake holding of Indian Railways in IRCTC brand? 87.4%
  2. What does IRCTC stands for? Indian Railway Catering and Tourism Corporation

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